PANews reported on June 9th that Sui announced on the X platform that its confidential transfer feature has been launched in public beta on the Sui Devnet. Transfer amounts and balances will remain private, while providing controlled visibility for compliance and auditability. Sui stated that traditional blockchains make every transaction completely public, like writing the amount on an envelope for anyone to see. Confidential transfers, on the other hand, are like sealing the amount inside an envelope; the sender and receiver addresses are still visible, but the amount itself is not. Issuers, exchanges, or regulators can access the information when needed. Transfer amounts and balances are confidential, and authorized parties can maintain access through defined policies, with complete audit logs maintained. Sui claims this removes structural barriers for institutions, fintech companies, and payment platforms to adopt public blockchains. Launch partners include Stablecoin, TRM Labs, and Merkle Science.